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The latest news and analysis from Pacifica Global

Insight 9 | Top 10 FCPA-Related Cases in Latin America

 

Note: This ranking is subjective, based by order of relevance and impact in Latin America, not by amount of monetary sanctions and/or number of individual prosecutions — although these might be correlated]. 

We should highlight the fact that eight of the top 10 cases involve bribes paid in Brazil.

  1. Petróleo Brasileiro S.A. (“Petrobras”) (Brazil, ongoing investigation)
  2. Odebrecht S.A. and Braskem S.A. (Brazil — 2016)
  3. *JBS S.A. (Brazil, ongoing investigation) *Settled leniency deal in Brazil.
  4. Siemens AG (Argentina, Mexico, Venezuela — 2008)
  5. Wal-Mart Stores, Inc. (Mexico, ongoing investigation)
  6. SBM Offshore N.V. (Brazil — 2017)
  7. Keppel Offshore & Marine Ltd (Brazil — 2017)
  8. Embraer S.A. (Brazil — 2016)
  9. Rolls-Royce plc (Brazil — 2017) 
  10. Petróleos de Venezuela, S.A. (“PDVSA”) (Venezuela — starting in 2015 and ongoing)

You can can find the full article at the following link: Top 10 FCPA-Related Cases in Latin America

Author: Evan M. Epstein
Founder & Managing Partner
Pacifica Global Corporate Governance


Keywords: Foreign Corrupt Practices Act, FCPA, Compliance, Latin America, Anti-Bribery, International Cooperation, Global Settlements, Corporate Governance

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Pacifica Global was founded in San Francisco to serve as the leading international advisory firm focused on corporate governance, anti-corruption, and shareholder rights issues. The mission of Pacifica Global is to help multinational public and private companies solve some of their most complex governance problems including cross-border regulatory and compliance challenges.